In 2016, Sunny King, father of the PoS Consensus, started a project called V SYSTEMS (also known as VSYS). The project brings in expertise from the world's top database scientists and mathematicians with a mission to use consensus algorithm innovation and distributed database cloud platform to solve one of the core problems in the development of blockchain industry: scalability and stability.
Through the evolution of PoS, the V SYSTEMS team has created Supernode Proof-of-Stake (SPoS). This new consensus mechanism is based on supernode construction, and supports thousands of TPS after main chain expansion to achieve high performance in terms of speed, stability and security. The key to realise the next generation of self-governance blockchain ecosystem is with SPoS as a basic layer in the infrastuture.
Another revolutionary idea of V SYSTEMS is to build the world's first general purpose decentralized database with objective data type, which has the ability to support high-concurrency and efficient indexing functions to unleash the full potential of decentralized applications in daily data processing.
Furthermore, V SYSTEMS will build a flexible modular development cloud platform to allow the creation of simple, swift yet secured blockchain development platforms.
V SYSTEMS has also innovatively adopted the mechanism of transaction cost destruction and annual fixed inflation rate to build a sustainable economic model.
The mainnet for V SYSTEMS has been launched in 2018. The team is working hard to deliver decenteralized database, next generation smart contract, sidechain systems and DApps platform in 2019 and 2020.